Business
Palantir stock is sliding. One of its investments just went bankrupt.
Palantir
Stocks are under selling pressure amid concerns about the impact of a Chapter 11 filed for bankruptcy last week via
Quick radius
cloud-based manufacturing and supply chain software provider.
Fast Radius (stock code: FSRD) went public in February through a merger with SPAC or a special purpose acquisition company, called ECP Environmental Growth Opportunities Corp. In a funding related to the deal, Fast Radius raised additional cash through public investment PIPE in a private equity offering. As part of that dealPalantir invested $20 million, buying 2 million shares of Fast Radius at $10 each.